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Sponsor:
BMC
Software
In this informative Webinar, expert speakers will explain
how you can manage data center complexity through automation
and virtualization, mitigate risk while implementing data
center innovations, and maintain an IT infrastructure
that gives your company the flexibility it needs to stay
competitive. Register
for the Webinar today! |
|
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|
|
| :: EDITOR'S
NOTE :: July
27, 2006 |
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| As of July 15, the Sarbanes-Oxley Act
of 2002 became effective for foreign companies that are listed
on U.S. stock exchanges. Judging from media coverage, reaction
to the new requirements is mixed and largely dependent on the
part of the world in which the foreign firms are based. |
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| KEY ISSUE :: Sarbanes-Oxley
and Foreign Companies |
| Foreign Firms Gain
from U.S. Corporate Governance, Expert Says |
| USINFO: A study says
that foreign companies have more to gain from compliance with
U.S. regulations than said compliance will cost. Credibility
with investors goes up when they know a company is subject to
U.S. requirements, which facilitates capitalization. Further,
companies listed in the U.S. and in their home countries save
money — up to 1 percent of capital costs, the study says
— and market valuation of companies with more than one
listing can increase by as much as 30 percent. Study author
and University of Chicago professor Christian Leuz says he will
be surprised if foreign companies decide that the costs of Sarbox
outweigh the benefits enough to delist in the U.S. |
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Sponsor:
American
Power Conversion (APC)
|
 |
Webinar: Data
Center Planning Strategies to Trim Costs, Build Agility
This webinar explains problems with traditional data center planning
strategies and explores innovative approaches that consider business
strategies, data from individual business units and business unit
growth plans. The discussion will focus on removing waste from the
planning process, saving money across the enterprise, and developing
a network-critical physical infrastructure (NCPI) capable of growing
with other parts of the company.
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| Next from Sarbox:
Industry Exemptions? |
| CFO.com:
Sarbanes-Oxley 404 requirements are diverting time and
money from more important things like cancer research,
say biotech firms who are pushing the Securities and Exchange
Commission for an industry-specific exemption from the
corporate governance law. The compliance requirements
are particularly burdensome to companies that spend more
on R&D than they get in revenue, the article says, and
biotech is also subject to intense scrutiny from the Food
and Drug Administration once clinical trials are complete.
For banks, Sarbanes-Oxley is redundant — they're
already subject to the FDICIA, not to mention other industry-specific
regulations, contend advocates of the exemptions. In either
case, affected organizations say they would like the opportunity
to opt out of Sarbox with shareholder approval. |
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|
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Free White Paper
A
Unified Approach for Optimizing Web Applications |
|
| In this compelling white
paper, learn how to address the common causes of poor
Web application performance — low bandwidth, server
resource constraints, security holes, and more —
with a single solution. |
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|
| KEY ISSUE :: Blogging
Policies |
| Firing E-Mail,
IM and Blog Violators |
| Business Wire:
The biggest risk to corporate security and liability for
U.S. employers is blogging, according to the American
Management Association/ePolicy Institute's 2006 Workplace
E-Mail, IM and Blog Survey. Unfortunately, of e-mail,
instant messaging and blogs, it's also the least controlled
activity within U.S. corporations. Only 9 percent of survey
respondents have policies governing personal blogging
on company time, 7 percent have policies on business blogging
and appropriate content, and even fewer (3 percent) retain
blog content. The risks of unmanaged blogs include copyright
infringement, sexual harassment and trade secret theft
— not to mention the drain on employee productivity.
Another number of note: Nearly 2 percent of employers
have fired employees for inappropriate blog content. |
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|
4,000
Number of clients running application dependency
mapping (ADM) technology by 2010, according to Forrester
Research. Compliance concerns are expected to drive
the growth.
Source: Sci-Tech
Today
7 percent
Businesses surveyed by the American Management Association
and the ePolicy Institute that have policies in place
governing employees' use of business blogs and content.
Source: Business
Wire
$350 million
Amount that the Association of Chartered Certified
Accountants estimates UK companies listed on U.S. stock
exchanges will spend on Sarbanes-Oxley compliance now
that the legislation's internal controls provision applies
to them.
Source: IT
Week
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| KEY ISSUE :: Compliance
Training |
| Market Operations and Capital
Markets, Regulation and Compliance Fundamentals |
| TheLawyer.com: The
National Association of Securities Dealers and the UK's University
of Reading are teaming to provide legal professionals in the financial
sector with a week-long, 30-hour course on the fundamentals of regulatory
compliance in capital markets. Those who complete the program, the
promo says, will come away with a "solid understanding" of how the
financial markets are regulated, to which instruments various regulations
apply, and why compliance with said regulations is important. Registration
information is provided here, and links to more specific information
on the course — including how to receive a diploma in capital
markets, regulation and compliance. |
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| :: ACROSS THE ENTERPRISE :: |
|
|
IT Business Edge: Managing Compliance
Standards | Issue 30, Vol. 3
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| DISCLAIMER: At
the time of publication, all links in this e-mail functioned properly.
However, since many links point to sites other than itbusinessedge.com,
some links may become invalid as time passes. |
|
| This e-mail is sent by: NarrowCast Group,
LLC, 124 N.First St., Louisville, KY 40202 |
|
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NarrowCast Group, LLC. All Rights Reserved.
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